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04/20/2021

BJ’s Wholesale Club Names New CEO

BJ’s Wholesale Club, a warehouse retailer based in Massachusetts, has named Bob Eddy as CEO and president.
BJs storefront

The appointment follows the death of Lee Delaney, who served as CEO since late 2019 and died unexpectedly April 8 at the age of 49.

Eddy, who was serving as executive vice president, chief administrative and financial officer, was appointed interim CEO at the time. The Board of Directors since appointed Eddy CEO, removing interim from his title. Laura Felice, currently senior vice president, controller, has been appointed executive vice president and chief financial officer to replace Eddy, who has also joined the Board of Directors. In her new role, Felice will oversee finance, controls, accounting, tax, treasury, risk management, audit and investor relations.

“Bob’s leadership, strategic vision and deep knowledge of the business have been pivotal in driving BJ’s Wholesale Club’s transformation and record growth across all key metrics,” Christopher J. Baldwin, executive chairman of BJ’s, said in a statement. “We delivered industry-leading results this past year and made significant progress on each of our long-term strategic pillars under Lee’s leadership and we’ll continue to honor his legacy. Looking ahead, the Board and I are confident that Bob is the right person to lead the Company and to drive profitable growth and long-term shareholder value.”

Eddy originally joined the company in 2007 and was appointed executive vice president, chief financial officer in 2011 before adding the title of  chief administrative officer in 2018. From 2013 to 2017, he served as chair of the Financial Executives Council with the National Retail Federation. Prior to joining BJ’s, he served as a member of the audit and business advisory practice of PwC in Boston and San Francisco.

In addition to naming Eddy CEO and Felice as his replacement, BJ’s also shored up its executive team with two other appointments that are effective immediately:

  • Paul Cichocki, currently executive vice president, membership, analytics and business transformation, has been named executive vice president, chief commercial officer, and will oversee merchandising, membership, marketing and analytics.
  • Bill Werner, currently senior vice president, strategic planning and investor relations, has been appointed executive vice president, strategy and development and will lead market expansion and key strategic initiatives to create value for members and for shareholders.

“We remain committed to accelerating our transformation and to delivering outstanding value and service to our members. Our management team is comprised of seasoned executives with deep talent and a breadth of experience in the retail and consumer industries,” Baldwin said. “In addition to Bob’s appointment as President and CEO, we continue to strengthen our team with accomplished leaders like Laura, Paul and Bill. This world-class team will continue to build on our existing momentum and fuel the next phase of growth for the Company.”

BJ’s currently operates 221 warehouse clubs and 151 BJ’s gas locations in 17 states.